SpaceX’s IPO filing has reveals a staggered insider share lock-up structure instead of one giant unlock all at once. There's no typical 6-month lockup.
Here’s the timeline:
• After Q2 2026 earnings: up to 20% of eligible insider shares unlock
• If the stock trades 30%+ above IPO price for 5 of 10 days: another 10% unlocks
• Additional 7% unlocks occur at 70, 90, 105, 120, and 135 days post-IPO
• After Q3 2026 earnings: another 28% unlocks
• Remaining shares unlock after 180 days
Elon Musk is NOT part of the early-release provisions, meaning his shares remain locked longer.